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Economy in New Jersey

Overview, People, Health, Economy, Housing, Rankings, Climate
Crime, Comments, Transportation, Cost of Living, Religion, Voting

EconomyNew Jersey, NJUnited States
Unemployment Rate9.10%8.60%
Recent Job Growth1.70%0.35%
Future Job Growth34.30%32.10%
Sales Taxes0.00%5.00%
Income Taxes2.45%4.70%
Income per Cap.$33,404$26,154
Household Income$68,620$50,935
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K8.55%12.37%
Income between 15K and 25K7.57%10.53%
Income between 25K and 35K7.76%10.88%
Income between 35K and 50K12.22%15.37%
Income between 50K and 75K18.56%20.14%
Income between 75K and 100K14.58%12.41%
Income between 100K and 150K17.05%11.27%
Income between 150K and 250K9.62%5.01%
Income between 250K and 500K3.76%1.86%
Income greater than 500K0.33%0.16%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations16.19%14.04%
Professional and Related Occupations22.88%20.61%
Service13.19%14.45%
Sales and Office28.31%26.75%
Farming, Fishing, and Forestry0.17%0.70%
Construction, Extraction, and Maintenance7.75%9.42%
Production, Transportation, and Material Moving11.49%14.05%


Median Household Income

The unemployment rate in New Jersey, NJ, is 9.10%, with job growth of 1.70%. Future job growth over the next ten years is predicted to be 34.30%.

New Jersey, NJ Taxes

New Jersey, NJ,sales tax rate is 0.00%. Income tax is 2.45%.

New Jersey, NJ Income and Salaries

The income per capita is $33,404, which includes all adults and children. The median household income is $68,620.


New Jersey Economy SperlingViews

Winter climate.: Southern New Jersey winter climate is cool to down right cold. The impact of the cold is felt more so due to the area's... (read more)Climate: New Jersey tends to give you all four seasons. Winter's are cold. Spring is pleasant. Summer is "down the shore" time in Jersey. Fall foilage is... (read more)Cost of Living: Political system is just plainly corrupt. Conseuently much needed reform does not appear possible. There are just too many people feeding out of the same trough. Our... (read more)Have an opinion about New Jersey? Leave a commentTo See All SperlingViews for New Jersey Click Here